Sequoia Financial Advisors LLC Has $907,000 Holdings in Brown & Brown, Inc. (NYSE:BRO)

Sequoia Financial Advisors LLC raised its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 29.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,886 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Brown & Brown were worth $907,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. raised its position in shares of Brown & Brown by 324.3% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 14,740 shares during the period. Sanctuary Advisors LLC raised its position in shares of Brown & Brown by 4.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider’s stock valued at $18,104,000 after acquiring an additional 6,805 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Brown & Brown by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider’s stock valued at $138,394,000 after acquiring an additional 40,881 shares during the period. Victory Capital Management Inc. raised its position in shares of Brown & Brown by 19.9% in the 4th quarter. Victory Capital Management Inc. now owns 304,405 shares of the financial services provider’s stock valued at $31,055,000 after acquiring an additional 50,510 shares during the period. Finally, Silphium Asset Management Ltd raised its position in shares of Brown & Brown by 27.5% in the 4th quarter. Silphium Asset Management Ltd now owns 48,776 shares of the financial services provider’s stock valued at $4,976,000 after acquiring an additional 10,530 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Price Performance

Shares of BRO opened at $118.21 on Monday. The stock has a market capitalization of $33.80 billion, a P/E ratio of 34.16, a P/E/G ratio of 2.93 and a beta of 0.85. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $121.25. The company has a 50 day moving average of $109.79 and a 200-day moving average of $107.20. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. As a group, equities research analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. Brown & Brown’s dividend payout ratio is presently 17.34%.

Analysts Set New Price Targets

Several analysts have commented on BRO shares. Morgan Stanley started coverage on shares of Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price on the stock. Barclays raised their target price on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America raised their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.17.

About Brown & Brown

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.